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- BOE says lenders increased secured credit to households in Q4, further slight rise seen in Q1 2010
- Hershey eyes white knight Cadbury bid
- Cadbury gets extension to Kraft bid defence deadline
- Couple of culprits being mentioned behind EUR/USD moonshot
- UK Nationwide house prices stronger than expected
- ECB’s Bini Smaghi: Unemployment expected to continue to rise in coming months
- Cable ticks higher in early trade
- EUR/USD opens touch firmer
- Asain Forex Wrap – USD takes a breather
- Australian Sharemarket ends the year up 31%
- China to gradually proceed with exchange rate reform
- Vietnam December trade deficit $1.3 bln
- EUR clears overnight high
- Local funds buy AUD
- Australia November private sector credit rises 0.1%
- Feinberg says Freddie and Fannie not like other TARP firms
- Japan holiday and Standing orders to limit moves
- The last Asian session of 2009
- ForexLive US wrap-up: Extreme volatility to ring out 2009
- Iran- geopolitics, Ayatollah getting ready to flee?
| BOE says lenders increased secured credit to households in Q4, further slight rise seen in Q1 2010 Posted: Corporate credit availability improved in Q4, further increase seen Mortgage demand from homebuyers expected to remain broadly unchanged in Q1 2010 after rise in Q4 Demand for remortgaging seen steady in Q1 after fall in Q4 Spreads on secured lending to households expected to fall in Q1 after stabilising in Q4 Spreads and fees on ...    |
| Hershey eyes white knight Cadbury bid Posted: The trust behind US confectionary giant Hershey is preparing to meet next week to discuss launching a solo bid for Cadbury.  |
| Cadbury gets extension to Kraft bid defence deadline Posted: Cadbury has been given an extra three days to publish 2009 results that could play a key role in fending off Kraft's £10.3bn takeover approach. Meanwhile there has been speculation both Ferrero Group (of Ferrero Rocher fame) and Hershey are preparing rival bids.  |
| Couple of culprits being mentioned behind EUR/USD moonshot Posted: EUR/USD sits at 1.4430 having been as high as 1.4441. Couple of culprits being mentioned as early buyers of the pairing, namely an Asian sovereign and a model fund. Resistance, as aforementioned, next at 1.4445/50.  |
| UK Nationwide house prices stronger than expected Posted: UK December Nationwide house prices have come in at +0.4% m/m, +5.9% y/y, stronger than median forecasts of +0.3%, +5.6% respectively. Cable sits at 1.6115 having spiked as high as 1.6145 in a flurry of early activity, as the USD came under heavy month-end pressure which is being exacerbated by illiquid conditions. Elsewhere ...  |
| ECB’s Bini Smaghi: Unemployment expected to continue to rise in coming months Posted: Sectors like construction, cars, finance will never return to pre-crisis growth levels Companies without foreign markets will need restructuring, mergers Hopes central bank can return to playing "more minor" role in 2010  |
| Cable ticks higher in early trade Posted: Cable is ticking higher in early European trade, continuing yesterday's impressive rally. We're presently up at 1.6100. Resistances now come at 1.6120/25, 1.6150 and 1.6175, support 1.6050/55. Couple of pieces of economic data: 07:00 GMT: UK Nationwide house prices for December expected +0.3% m/m, +5.6% y/y 09:30 GMT: Q4 BOE credit conditions survey. FTSE set ...  |
| Posted: EUR/USD has opened marginally firmer, presently at 1.4365 from a North American close Wednesday around 1.4340. No euro zone data releases scheduled for today. Supports 1.4325/30 and 1.4300/05, resistances 1.4400 and 1.4425/30. Obviously its month/year end and markets will be illiquid, to say the least.  |
| Asain Forex Wrap – USD takes a breather Posted: Very quiet with Japan on holiday, USD drifts lower. Feinberg says Freddie Mac and Fannie Mae not like other TARP firms. Australia November private sector credit rise 0.1%, housing credit up 0.7%. Vietnam December trade deficit $1.3 bln. China says it will gradually proceed with exchange rate reform. Australian sharemarket closes up 31% for the ...  |
| Australian Sharemarket ends the year up 31% Posted: The Australian sharmarket  |
| China to gradually proceed with exchange rate reform Posted: China has said that it will gradually push forward with exchange rate reform of its currency while maintaining economic stability. Also said that the Yuan is not pegged against the US dollar alone, but refers a basket of currencies and that it will increase role of its exchange rate in resource ...  |
| Vietnam December trade deficit $1.3 bln Posted: Vietnam has recorded a trade deficit of $1.3 bln in December against a revised $2.08 bln in November. Total 2009 deficit stands at $12.25 bln. December exports $5.25 bln, up from November's $4.69 bln.  |
| Posted: EUR has managed to clear the 1.4365 area, consolidating here at the highs. The level proved to be a stubborn resistance level overnight. EUR, AUD and NZD have all done well against the US dollar, whereas GBP and USDJPY have remained static. 1.4350 needs to hold now for EUR to move ...  |
| Posted: Local funds have been seen buying AUDUSD today in a very thin illiquid market. There are sellers towards 90c, but overall AUD feels like it wants to test higher on the last day of the year. Watch the 9000 level, above that and we could see a spike higher.  |
| Australia November private sector credit rises 0.1% Posted: Australia's private sector credit rose 0.1% in November MoM s/adj, and November housing credit rose 0.7% MoM s/adj. Good numbers, AUDUSD jumps 15 pips.  |
| Feinberg says Freddie and Fannie not like other TARP firms Posted: Kenneth Feinberg, Obama's administration's pay czar, has said that mortgage firms, Freddie Mac and Fannie Mae face a unique set of problems that distinguish them from other firms receiving government aid when it comes to setting executive pay. He said there is no stock so all compensation is in cash ...  |
| Japan holiday and Standing orders to limit moves Posted: With Japan off on holidays today, USDJPY will be quiet. There are standing orders that have been left by Japanese corporates which will limit moves. USDJPY tends to be a slow grind at the best of times in Asia and today will be no different. As per the last few days, ...  |
| The last Asian session of 2009 Posted: Morning all, With traders already in party mode, we should be in for a quiet day ahead. AUD held the 89c level overnight even with softer metal prices and gold slipping back towards 1085. There was a very good Asian buyer on the bid at 89c late yesterday, word is, it was on the ...  |
| ForexLive US wrap-up: Extreme volatility to ring out 2009 Posted: IMF: Ready to help Greece if asked Germany's Schaeble: Would be "misplaced solidarity" to bail out Greece Chicago PMI rises to 60 in December; market expected 55.0 KC Fed manufacturing index falls to 10 in December from 17 in November Times Square evacuated by bomb scare US sells $32 bln 7-year notes at 3.345%; bid ...  |
| Iran- geopolitics, Ayatollah getting ready to flee? Posted: Radio Netherland report: A jet is on standby to take Ayatollah Khamenei and his family to Russia. Jan 16th marks the 30th year anniversary of the Shah fleeing Iran. If the Ayatollah flees, and the opposition takes control, it'll be a major blow to Russian influence in the middle east and ...  |
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